As you can see the - MS - and 8 are on 2 separate layers.

Let's style the 8 first.

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By the way I've changed the font on MS.

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And now - the entire layer styling:

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Bevel and emboss settings are quite standard, only the
light should have fixed 90 degrees position.

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I will color it with light blue to give the picture some color.

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Quite standard gradient overlay.

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I like the texture. It gives those waves inside the object.

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Notice that my fill counter is set to 0%. .

Beautiful Illustration